S.Amdt. 3939

SA 3939. Mrs. FEINSTEIN (for herself and Mr. Levin) submitted an
amendment intended to be proposed to amendment SA 3739 proposed by Mr.
Reid (for Mr. Dodd (for himself and Mrs. Lincoln)) to the bill S. 3217,
to promote the financial stability of the United States by improving
accountability and transparency in the financial system, to end ``too
big to fail'', to protect the American taxpayer by ending bailouts, to
protect consumers from abusive financial services practices, and for
other purposes; which was ordered to lie on the table; as follows:

On page 699, strike line 20 and insert the following:
``(A) Registration.--The Commission may adopt rules and
regulations requiring registration with the Commission for a
foreign board of trade that provides the members of the
foreign board of trade or other participants located in the
United States with direct access to the electronic trading
and order matching system of the foreign board of trade,
including rules and regulations prescribing procedures and
requirements applicable to the registration of such foreign
boards of trade. For purposes of this paragraph, `direct
access' refers to an explicit grant of authority by a foreign
board of trade to an identified member or other participant
located in the United States to enter trades directly into
the trade matching system of the foreign board of trade.
``(B) Linked contracts.--It shall be unlawful
On page 703, line 14, strike ``(B)'' and insert ``(C)''.
On page 703, line 15, strike ``Subparagraph (A)'' and
insert ``Subparagraphs (A) and (B)''.
On page 704, line 13, strike ``paragraphs (1) and (2) of
subsection (b)'' and insert ``subparagraphs (A) and (B) of
subsection (b)(1)''.

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